Written by Modulr | Jul 24, 2025 11:00:00 PM
A Payment Service Provider (PSP) is a third-party company that enables businesses to accept a variety of payment methods online. PSPs might be a an acquirer, a processor, a bank or a fintech, and provide the technology and infrastructure needed to process transactions, manage security, and ensure compliance with industry regulations. As a PSP, Modulr provides access to multiple payment rails, including Faster Payments, BACS, and SEPA, enabling efficient domestic and cross-border transactions.